Absolutely. And why would you? Companies spend lots of time talking about loyalty and teamwork, but they show their colors when they do these layoffs. Smaller companies, often still run by the founder, can be much better. The only large company I ever saw command any employee loyalty was Hewlett-Packard when Bill and Dave were still running things. At one point, in the 1970s, they needed to cut payroll by 10%, so they asked the employees: we can cut 10% of the people, or everyone can take a 10% temporary pay cut. The employees voted for the pay cut. So, every other Friday, the company was shut down and everyone, all the way up to the CEO took a 10% pay cut. When times improved, they bumped everyone back up to full pay and moved on. That created huge loyalty. Unfortunately, it didn’t last. Bill and Dave passed the reins to others and eventually HP became like all the other companies and fell apart.

Perhaps if the rank and file at a company see personal consequence for those in the topmost posistions (salary deductions, demotions, or firing) in response to such glaring fuck ups that might even help mitigate some of these morale issues.